Forex Story

The EUR/JPY looks prime for an upside move. Price has retraced back to a former resistance zone. Lets see if we can use this as support for new longs. We also touch on the EUR/GBP and use this as a little justification for the EUR/JPY trade. Good Luck Rob Helean

The USD has been quite the bull lately and we have not yet seen any reason technically for that to cease. With the situation in Greece very tense, the Euro has shown even further weakness. With this Euro weakness and USD strength we again were looking to the EUR/USD for some further clues of continuation down. In this video I highlight how we built a trade plan starting at today’s London Session around a 40′ish pip hourly price trap, break, and then retest. Once the break occurs it was time for our favorite friend Mr. Fibonacci to step in, and sure enough he coughed up several opportunities to snag a nice EUR/USD short entry to start the day. While it took all night to really follow through, it completed its drop today of 120 pips or so from the Fib in dramatic fashion with China raising it’s reserve requirements unexpectedly, causing a strong push to the 1.3550 area which also happened to be our daily M1 reversal pivot point, Profit take time! Lovely trade. Have a fantastic weekend folks! fxbootcamp London Currency Coach- Christian Stephens

While Asia into pre-London offered us a fantastic short term GBP/JPY pullback long off of a weekly m1 reversal pivot point, London was setting up to offer us an even better reload to the downside direction that our Daily trap break began yesterday. In this video I discuss in detail how we pre-determined the area we were looking at as resistance, how we isolated that region, and ultimately what we looked for specifically to enter the short with confidence, all while keeping risk as low as possible. This trade worked fantastically, partially helped by negative GBP Retail Sales news later on, and if you kept it long term continued well into the NY open. Fantastic trading week for sure, have a great weekend! fxbootcamp London Currency Coach- Christian Stephens

Todays video is a trade plan based on the EUR/USD. Following the past 24 hours, the Euro is looking heavy to the downside and looks prime to test the recent lows from 2009.

The USD has been showing strength lately I think we can all agree with that. Meanwhile the British Pound has been not only weak but threatening to break a serious looking trendline level on the 4hour/daily charts. This combination of a strong greenback and weak Sterling naturally led us to pay close attention to the GBP/USD pair. While there were quite a few opportunities in every major session to technically get short this pairing today, a fresh short entry in the London session could have …

After a solid break of resistance, and fantastic follow through on the EUR/USD during the NY open and into the rest of the NY session yesterday, we were left at resistance during the London open. Even though we have clearly been riding upwards solidly on the short term, this is a major pullback level on longer term charts. However, because it is such longer term charts, you almost know without thinking how choppy any ‘counter trend’ trade back downward would initially be. This set us up for …

Normally when I make a video I focus on a complete trade setup, start to finish, that we 100% planned/executed in the London session classroom, I do not like to make a video’s on things I did not cover totally live in the classroom. Today however, by member request, I am making a video on a GBP/USD short trade plan that I planned and executed prior to taking the London microphone. Although we did have some minor short term reload activity during the London session, this video is meant to …

One day before this months Non-Farm Payroll release, and a European rate announcement in the morning left us with not a whole lot of big movement throughout today’s London market, although we did have some general British Pound Sterling weakness going on. In this video I wish to focus on just one of the trade setups we did tonight, a News Scalp setup following the British GDP news announcement. It was a pretty classic news scalp entry that we take at FXBootcamp all the time, that involved …

Hello folks. For todays video, I am looking at EUR/USD. It is definitely long-term short. I think there is a little ways to go before we hit some decent support. Look to short to 1.46 then I think there is a strong possibility we could have a day or two of upside before we can queue the next major short up.

As London opened today, the longer term 4 hour and Daily charts gave us every reason to believe it would likely be a difficult London session, since we were quite sandwiched between support/resistance on several pairings. As London was opening however, we were able to identify a price trap/triangle on the EUR/USD that looked promising if we could get a break. Using trap projections we were able to determine before ht ebreak a potential of 75 pips or so either way once a break would occurred …